2022-03-10 10:50:00
UNIPER, SHELL LEAVE RUSSIA
ENERDATA - 9 Mar 2022 - The German energy group Uniper has decided to sever ties with Russia. Indeed, the company will record a full impairment loss on its loan to Nord Stream 2 in the amount of €987m. Uniper will also resume the divestment process for Russian subsidiary Unipro (83.73% owned), which owns and operates 5 thermal power plants with a total capacity 11.4 GW at the end of 2021. Uniper, which has a portfolio of around 370 TWh of long-term gas supply contracts, including 200 TWh with Russia, will continue to supply Russian gas to Europe under the existing contracts, but will not enter into new long-term gas supply contracts with Russia. The group will gradually shift from natural gas to CO2-low or -free gases, and will diversify its gas portfolio by increasing its LNG portfolio, reviving plans for an LNG terminal in Wilhelmshaven (Germany) where a green ammonia import and hydrogen production hub could be developed. Finally, Uniper will not extend its Russian coal supply contracts that expire at the end of 2022.
In addition, Shell will withdraw from Russian hydrocarbons, including crude oil, petroleum products, gas and LNG in a phased manner. In a first step, the company will stop all spot purchases of Russian crude oil, removing Russian oil volumes from its crude oil supply chain, and it will shut its service stations, aviation fuels and lubricants operations in Russia. Earlier in March 2022, Shell had pledged to exit its joint ventures with Gazprom and related entities, including its 27.5% stake in the Sakhalin 2 LNG export project and its 50% stake in the Salym Petroleum Development and the Gydan energy venture.
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Earlier:
2022, March, 9, 13:45:00
ЦЕНА НЕФТИ БУДЕТ $300
Абсолютно очевидно, что отказ от российской нефти приведёт к катастрофическим последствиям для мирового рынка. Всплеск цен будет непредсказуемым – более 300 долларов за баррель, если не больше.
2022, March, 9, 13:40:00
OIL PRICE WILL UP TO $300
"It is absolutely obvious that refusing Russian oil would lead to catastrophic consequences for the global market. The price surge would be unpredictable – to more than $300 per barrel, if not more," said Russian Deputy Prime Minister Alexander Novak.
2022, March, 9, 13:35:00
RUSSIAN OIL & EARNINGS UP
Despite the high discount on Russia's Ural oil premium and sanctions .It seems that the rise in oil prices will eventually lead to the growth of Russia's foreign exchange earnings in 2022 and the improvement of its foreign exchange reserves, which is contrary to the goals of Western sanctions and USA.
2022, March, 4, 12:15:00
RUSSIA AND SAUDI ARABIA ENSURE STABILITY
During the conversation, it was noted with satisfaction that OPEC+ member countries are consistently fulfilling their obligations to help ensure stability on the global oil market. Russia and Saudi Arabia will continue to coordinate approaches within this format.
2022, March, 4, 11:50:00
EXXON LEAVE RUSSIA
ExxonMobil operates the Sakhalin-1 project on behalf of an international consortium of Japanese, Indian and Russian companies.
2022, March, 1, 11:50:00
SHELL LEAVES GAZPROM
The Board of Shell plc (“Shell”) announced its intention to exit its joint ventures with Gazprom and related entities, including its 27.5 percent stake in the Sakhalin-II liquefied natural gas facility, its 50 percent stake in the Salym Petroleum Development and the Gydan energy venture. Shell also intends to end its involvement in the Nord Stream 2 pipeline project.
2022, February, 28, 12:45:00
NORWAY FUND LEAVES RUSSIA
Norway's $1.3 trillion sovereign wealth fund will pull out of all investments in Russia because of its invasion of Ukraine, the Norwegian government said Feb. 27.
